Maltese financial regulator The Malta Financial Services Authority (MFSA) has issued a new warning, stating that it has become aware of an entity operating under the names of Puth Holdings Co Ltd, Puth Global Ltd or Digital Fintech One. The entities, operating an offshore crypto exchange, has an internet presence at puth777.com.
The exchange seems to be targeting mainly Chinese users, as clearly implied also by the exchange’s url above – the “777” addition to the name Puth is a good luck charm, as in 666-but-even-better.
The MFSA stated that Puth / Digital Fintech One claims to be a company “incorporated in Malta under the relevant laws of Malta” and purports to be operating “the world’s leading digital asset trading platform”.
The regulator said it wishes to alert the public, in Malta and abroad, that this entity is NOT a Maltese registered Company nor is it licensed or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licensed or otherwise authorised under Maltese law. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.
The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.